In today’s recent session, 2.41 million shares of the Cenovus Energy Inc (NYSE:CVE) have been traded, and its beta is 0.94. Most recently the company’s share price was $14.56, and it changed around -$0.27 or -1.85% from the last close, which brings the market valuation of the company to $26.40B. CVE at last check was trading at a discount to its 52-week high of $20.76, offering almost -42.58% off that amount. The share price’s 52-week low was $10.23, which indicates that the recent value has risen by an impressive 29.74% since then.
Cenovus Energy Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.38. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 1 recommended CVE as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight.
Cenovus Energy Inc (NYSE:CVE) trade information
Instantly CVE has been showing red trend so far today with a performance of -1.85% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.07 on recent trading dayincreased the stock’s daily price by 3.38%. The company’s shares are currently down -3.93% year-to-date, but still up 6.01% over the last five days. On the other hand, Cenovus Energy Inc (NYSE:CVE) is 6.71% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 53.03% from its current value. Analyst projections state that CVE is forecast to be at a low of $31 and a high of $31.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.85%. Cenovus Energy Inc earnings are expected to increase by -13.66% in 2025, but the outlook is positive 18.80% per year for the next five years.
CVE Dividends
Cenovus Energy Inc’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 3.64 percent and its annual dividend per share was 0.53. It is important to note, however, that the 3.64% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
CAPITAL RESEARCH GLOBAL INVESTORS, with 4.7569% or 88.45 million shares worth $1.74 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
